Spring Valley, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Spring Valley, IL Real Estate Data


Spring Valley Housing Market Information

With 5,314 people, 2,308 houses or apartments, and a median cost of homes of $117,241, house prices in Spring Valley are solidly below the national average.

Single-family detached homes are the single most common housing type in Spring Valley, accounting for 78.22% of the city's housing units. Other types of housing that are prevalent in Spring Valley include large apartment complexes or high rise apartments ( 11.58%), duplexes, homes converted to apartments or other small apartment buildings ( 9.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spring Valley. Owner-occupied housing accounts for 71.41% of Spring Valley's homes, and 53.77% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Spring Valley's housing was primarily built during this period, from the '40s through the '60s. A full 42.56% of the city's housing hails from this era. Other housing ages represented in Spring Valley include homes built before 1939 ( 28.16%) and housing constructed between 1970-1999 ( 24.16%). There's also some housing in Spring Valley built between 2000 and later ( 5.12%).

Spring Valley Home Appreciation Rates

Real estate appreciation rates in Spring Valley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.09% during the period.

Appreciation rates are so strong in Spring Valley that despite a nationwide downturn in the housing market, Spring Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Spring Valley appreciation rates continue to be some of the highest in America, at 5.90%, which is higher than appreciation rates in 72.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Spring Valley. Spring Valley appreciation rates in the latest quarter were at -0.08%, which equates to an annual appreciation rate of -0.30%.

Notably, Spring Valley's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Spring Valley's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$117,241

Spring Valley, IL HOME PRICES

Value Range
> $1,096,000 1.2
$822,001 - $1,096,000 0.0
$548,001 - $822,000 0.8
$439,001 - $548,000 0.0
$329,001 - $439,000 1.9
$219,001 - $329,000 6.6
$109,001 - $219,000 44.9
$55,001 - $109,000 38.1
$0 - $55,000 6.6

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
67.9569010950401 60.5063291139241

Number Of Homes And Apartments:
2,308

Rent & Ownership

 

Average Market Rent:
$890 / per month

Homeownership Rate

Homeownership
Owners 71.41
Renters 28.59
Vacant 6.90

Housing Market Details

 

Age of Homes

AGE OF Spring Valley HOMES
2000 or Newer 5.1
1970 - 1999 24.2
1940 - 1969 42.6
1939 or Older 28.2

Types of Homes

TYPE OF Spring Valley HOMES
Single-Family 78.2
Townhomes 0.8
Small Apt. Buildings 9.4
Apt. Complexes 11.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Spring Valley HOMES
No Bedroom 1.13
1 Bedroom 11.21
2 Bedrooms 30.70
3 Bedrooms 41.43
4 Bedrooms 12.34
5 or more bedrooms 3.19

Spring Valley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
20.75% 1.12% 4 2
* 10 is highest

Popular Neighborhoods in Spring Valley

Zip Codes in Spring Valley, IL